UPDATE: Cliffs Natural Resources (CLF) Rises Despite Downgrade by Credit Suisse to Underperform
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Price: $18.59 --0%
Rating Summary:
6 Buy, 10 Hold, 4 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 10 | Down: 16 | New: 20
Rating Summary:
6 Buy, 10 Hold, 4 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 10 | Down: 16 | New: 20
Trade CLF Now!
(Updated - September 5, 2012 10:16 AM EDT)
Shares of Cliffs Natural Resources (NYSE: CLF) are higher early Wednesday despite a convincing downgrade of the stock.
Credit Suisse downgraded from Neutral to Underperform and cut its price target from $50 to $30. In its downgrade, Credit Suisse noted the massive exposure to iron ore, which has seen prices fall 35% in the last two months.
For an analyst ratings summary and ratings history on Cliffs Natural Resources click here. For more ratings news on Cliffs Natural Resources click here.
Shares of Cliffs Natural Resources are rising despite the downgrade, last up 1.8 percent to $34.30.
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Shares of Cliffs Natural Resources (NYSE: CLF) are higher early Wednesday despite a convincing downgrade of the stock.
Credit Suisse downgraded from Neutral to Underperform and cut its price target from $50 to $30. In its downgrade, Credit Suisse noted the massive exposure to iron ore, which has seen prices fall 35% in the last two months.
For an analyst ratings summary and ratings history on Cliffs Natural Resources click here. For more ratings news on Cliffs Natural Resources click here.
Shares of Cliffs Natural Resources are rising despite the downgrade, last up 1.8 percent to $34.30.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
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